April Inflation Rates Show Modest Slowdown, Providing Hope for Return to Normal Levels
The Labor Department’s data, released on Wednesday, revealed a 4.9% annual increase in consumer prices for April. This marks the smallest year-over-year growth since May 2021, and it exceeded economists’ predictions of a flat 5% inflation rate. This marks the first time annual inflation has landed below 5% in two years, extending a monthslong slowdown […]
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